Deutsche Telekom's energy supplier to source wind power from Statkraft

Image by Statkraft AS.

August 5 (Renewables Now) - Norwegian state-owned utility Statkraft AS has inked a deal to supply electricity from more than 150 MW of wind power generating capacity to the benefit of German telecom giant Deutsche Telekom AG (ETR:DTE).

Specifically, Statkraft has entered into a power purchase agreement (PPA) with Deutsche Telekom's energy supplier, namely Power & Air Solutions. The latter will source an average of 150 GWh of wind power per year, or 920 GWh in total, from Statkraft in the period 2023-2028.

The total contracted volume is enough to meet the electricity consumption of around 38,000 households, Statkraft estimates.

The PPA is the second deal signed by the two parties as Statkraft previously agreed to supply 90 GWh of Norwegian hydropower annually from 2021 until 2030.

With the latest agreement, Statkraft also secures the continued operation of 16 wind farms that no longer benefit from Germany's Renewable Energy Sources Act (EEG), it noted.

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Lucas is based in Brazil. He joined Renewables Now to expand coverage of the Ibero-American market, a highly attractive destination for green energy investment.

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